Budget-Do you practice?

@srganesh (6349)
India
December 13, 2008 4:40am CST
We are all about money making.Spending money is also as important as earning.After all,we earn money to spend.Are you keen in watching, on what and how much you spend your hard earned money?Do you restrict to spend money on something?In other words,do you follow any budget?Because money saved is money earned!What about you?
2 people like this
4 responses
• Philippines
13 Dec 08
i agree. how we spend our hard-earned money is just as important. for my personal spending i do set a budget or a ceiling. if ever i spend beyond that, it means i have to tighten my belt on other things. i'm the kind of person who's careful on the daily and regular expenditures for myself, but i go all out when shopping for gifts for my family and friends... especially for the kids (i have a dozen nephews and nieces as well as a few godchildren and several kids of my friends). since i came from a big family, i've been used to spending less for myself to be able to give more for my family. budgeting helps a lot that way. :) i do my own grocery for example, not only because i enjoy it but also because i can spend about 15-20% less on the same grocery items that my sister will also buy. sometimes, it's just a matter of checking quality and quantity, size vs amount vs need vs priority. and since i can cook, i know which items need to be prioritized and which can be substituted. those help in budgeting. :)
• Philippines
4 Jan 09
thanks for the best response. :)
@rajesha20 (209)
• India
13 Dec 08
sure when we go for job r try for some other job we are more concern about whats is the pay we get r income we will be getting same way we also want to have a strict budget plans for expenditure also might can change according to situation but budget is must in life
@SomeCowgirl (32273)
• United States
13 Dec 08
My fiance and I do not have a set budget but we are careful with our money. We try not to spend anything that we don't need to. Money saved is money earned!
• United States
13 Dec 08
compared from last year...i am doing way better now...so yeah..i've been watching my budget...and i've been doing my checkbook every week now.